#3 - EOG Resources (NYSE:EOG)
EOG Resources (NYSE: EOG) - If you could invest in a stock that a Barron’s analyst heralds as “the Apple of oil”, would that get you excited? That's the case with EOG Resources. Two of the reasons that analysts like EOG are that they are a company that is known for having a disciplined use of capital, a strong culture, and technical innovation. All of these factors give the company an excellent opportunity to see a rapidly rising cash return. The company has a proven track record of producing a large after-tax real rate of return on their drilling sites when oil prices are around $50/barrel. One reason for this is the company chooses premium drilling sites, and when oil prices were sagging in 2016, they divested non-premium sites and made strategic acquisitions that, with prices up over 20% in 2018, leaves the company in a strong position. The company has reported four quarters of rising revenue and positive income. The stock currently trades around $130 per share and has been steadily rising above a support level of $100 since April of 2018.
About EOG Resources
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.
Read More - Current Price
- $119.04
- Consensus Rating
- Hold
- Ratings Breakdown
- 9 Buy Ratings, 13 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $143.50 (20.5% Upside)
